Welcome to the latest on the UK labour market, covering the period May to July 2013.
Firstly, looking at employment. The number of people in employment has been rising on the quarter and the year, so that in May to July 2013 29.84 million people aged 16 and over were in work. This is a rise of 80 thousand on the previous quarter and 275 thousand on the year. 71.6 per cent of people aged 16 to 64 were employed.
Turning to those not employed but seeking work i.e. the unemployed. Overall unemployment is down on the quarter and the year. In May to July 2013, 2.49 million people aged 16 and over were out of work but seeking and available to work, this was a fall of 24 thousand on the previous quarter and a fall of 105 thousand on the number unemployed in May to July 2012. 7.7 per cent of the labour force aged 16 and over could not find a job.
Focusing on those people seeking work and claiming benefits principally because they are not in work. 1.40 million people aged 18 and over were claiming Jobseeker’s allowance, a benefit related to looking for work, this is a fall of 33 thousand on the previous month and a fall of 168 thousand on the previous year.
Finally considering those not employed and not seeking work, i.e. those not in the labour force. 8.96 million people aged between 16 and 64 were either not looking for work or not available to work in May to July 2013, this is a fall of 33 thousand on the previous quarter and a fall of 52 thousand on the year. Considering these figures as a rate, 22.3 per cent of people aged 16 to 64 were not in the labour force.
Returning to employment and this month looking at full time and part time workers.
Of the 29.84 million employed, 21.79 million worked full time, which was 13.85 million men and 7.94 million women, and 8.05 million worked part time, 2.10 million men and 5.95 million women.
In the past five years employment has risen by 328 thousand. However, as the population has risen at a faster rate than employment has grown, the current rate of 71.6 per cent is lower than in May to July 2008 when it was 72.8 per cent.
Breaking this change down into men and women working full time and part time. It can be seen that over this time for men these changes largely cancel each other out, employment has risen by 10 thousand to 15.95 million. The number of women in employment has risen by 318 thousand, from 13.57 million to 13.89 million.
Finally, the number of people who were working part time because they could not find a full time job has been rising over the past five years. For men this has risen from 16.6 per cent to 32.6 per cent and for women, from 7.1 per cent to 13.5 per cent.
That was the latest on the UK labour market.